Barrel Energy Inc. announced additional soil geochemical sampling results from prospecting a central portion of the company’s Titan X lithium property in Tanzania. The Titan X project is located directly south of, and adjacent to, the Titan 1 project of Titan Lithium Inc. Both Titan X and Titan 1 occur within a large northeast-southwest-striking rift valley that served to trap lithium-rich source volcanics and sediments in this area of the East African Rift. The new samples were collected during second phase of soil geochemical work a distance of up to 2.5 miles south of northern claim boundary.

The newly covered area serves to further extend the Titan X sample coverage south of those reported previously in the Company news release dated June 13, 2023. From the combined results, the company note that positive Lithium geochemical values average now 3,985 ppm Lithium over a sampled area of approximately 2,400 acres. The highest value in the new sample set returned 11,600 ppm Li (2.5 % Li2O) which was located 0.7 miles (1.14km) west from the previous lithium high value in the first batch which was 6,100 ppm Li (1.32% Li2O).